Question 1

Is Glandore a nice place to live?

Accepted Answer

Glandore is an inner-southern Adelaide suburb with a quietly residential, established character. Tree-lined streets of weatherboard cottages and postwar bungalows sit alongside pockets of brick villas and more recent townhouses from infill, typically on modest blocks with established gardens. Local parks and community facilities provide everyday recreation, while main roads and regular public transport give straightforward links to the city, nearby shopping and dining precincts and the coast. The suburb has a domestic rather than a commercial centre.

The community counts 3,041 people, with a median age of 39 and a typical household income of $1,698 a week. Families form the core of the area, and owner-occupiers make up about 64.2% of households. The suburb is affected by major road and tram works, and the Glandore Oval precinct redevelopment and upgrades to the community centre and a new business hub are underway or planned. Whether that mix suits you depends on what you are looking for in a suburb.

Question 2

Is it expensive to live in Glandore?

Accepted Answer

Rents in Glandore take a noticeable slice of local incomes as recorded at the last Census. With a typical local household earning $1,698 a week at the last Census, a house rent of $720 a week would use about 42.4% of that weekly income (720 ÷ 1,698 ? 0.424), which is a large share. A unit rent of $498 a week would take about 29.3% of a typical local household's weekly income (498 ÷ 1,698 ? 0.293), a moderate share and close to the commonly used 30% marker. For renters in Glandore, unit rents look more manageable against local incomes at the last Census than house rents do.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Glandore a good place to invest?

Accepted Answer

House values climbed a strong 18.5% over the past 12 months, and house rents also rose strongly, up 14.3% over the year. Unit rents increased 7.1%, a solid gain but noticeably lower than the rise in house rents.

For someone considering Glandore as an investment, the figures show house capital growth outpaced rental growth this year, and house rents grew faster than unit rents. Which of those results matters to you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	18.5%	N/A
Sold Past 3 months	9	1
Median days on market Past 12 months	57	N/A
Average rent Past 12 months	$720	$498
Change in rent Past 12 months	14.3%	7.1%

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